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Mandler, Michael - Econometric Society - 2004

Does the Pareto criterion discriminate among policy choices when the policymaker does not know the correct model of the economy? If the policymaker can specify ex ante preferences for each agent, there will typically be some policy change that improves the welfare of each agent relative to a...

Persistent link: https://www.econbiz.de/10005702668

The Gamma-Core and Coalition Formation

Chander, Parkash - Econometric Society - 2004

This paper reinterprets the gamma-core (Chander and Tulkens (1995, 1997)) and justifies it as well as its prediction …

Persistent link: https://www.econbiz.de/10005342201

Virtual utility and the core for games with incomplete information

Myerson, Roger - Econometric Society - 2004

The core is extended to games with incomplete information. The feasible set is characterized by incentive …

Persistent link: https://www.econbiz.de/10005342211

Competitive Equilibria and the Core of Exchange Economies under Asymmetric Information

Clippel, Geoffroy de - Econometric Society - 2004

economies under asymmetric information. I obtain a new notion of core that refines Wilson (1978)'s coarse core. It is nonempty … as a technical tool for proving the nonemptiness of the coarse core. Indeed, the core converges to the set of Wilson …

Persistent link: https://www.econbiz.de/10005130196

Information Transmission in Coalitional Voting Games

Vohra, Rajiv; Serrano, Roberto - Econometric Society - 2004

A core allocation of a complete information economy can be characterized as one that would not be unanimously rejected … such voting games, this approach makes it possible to derive core concepts in which information sharing is endogenous. Our … results lend support to credible core of Dutta and Vohra (2003) and the core proposed by Myerson (2003) as two that can be …

Persistent link: https://www.econbiz.de/10005130219